The Impacts of Artificial Intelligence

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The Impacts of Artificial Intelligence
- Global Knowledge Technologies
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• A couple of years back, when the renowned
  physicist Stephen Hawking apart from making
  comments on the positive impacts of Artificial
  Intelligence, had in parallel advised the AI
  creators for employing best practice and
  effective management, the world of technology
  became aware of the immediate need of getting
  trained in AI. This piece of article will give
  you a broad knowledge of how AI has impacted our
  lives and the world and also would provide you
  some fair reasons why you should consider
  training in AI right now.

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What is Artificial Intelligence?

• For those living in the urban part of the
  country, Alexa, Google Assistant, and Siri have
  already become important elements in their lives.
  You just have to command like Alexa switch off
  the bedroom lights and your work will be done,
  Hey Google! When is my next flight? And you will
  soon get information on the same. And this has
  all turned into reality because of the existence
  of Artificial Intelligence. Altogether, AI is
  nothing but man-made intelligent machines that is
  capable of making lives relatively convenient
  through solving complex issues.

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AI Developments in India

• As per a report submitted by Accenture, AI holds
  the potentiality of adding US957 billion, or 15
  percent of Indias current gross value in 2035.
• Foreseeing how AI is poised to transform
  economies, in the budget speech for 2018 2019,
  Honble Finance Minister, mandated NITI Aayog to
  establish the National Program on AI, to guide
  the research and development in new and emerging
  technologies.
• With the Government of India announcing to set up
  smart cities across India, where 99 cities were
  been selected, the incorporation of smart systems
  has also been proposed.

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Artificial Intelligence Advantages

• When it comes to AI in Healthcare, it has been
  estimated that the healthcare market globally
  driven by AI will witness an explosive CAGR of
  40 in 2021, and what was a USD600 million market
  in 2014 is expected to reach USD6.6 billion by
  2021.
• According to Markets and Markets Research, the AI
  in the agriculture market is projected to grow at
  a CAGR of 22.5 to reach USD 2,628.5 Million by
  2025 from USD 518.7 Million in 2017.

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Artificial Intelligence Advantages
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Artificial Intelligence Advantages

• In a time when the educators and researchers
  across the world are striving to make education
  as personalized and customized as possible,
  numerous educational establishments or Edtech
  companies are embracing AI in Education. The CEO
  and Co-Founder of Topper- a well-known learning
  app, shared in one of his recent interviews that
  at Topper, both machine learning and AI is used
  to recognize the strength and weaknesses of the
  students, track individual learning progress and
  so on.

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Jobs Created and Replaced

• While a plethora of reports demonstrated AI as a
  demon that will snatch off all the existing jobs,
  in reality, and positive note,
• A study by EY and NASSCOM found that around 46
  of the workforce by 2022 will be absorbed in
  entirely new jobs that do not exist today or will
  be deployed in jobs that have drastically
  revamped skillsets.
• A report released by Accenture surveyed that new
  applications of AI combined with human
  collaboration could enhance employment worldwide
  as much as 10 percent by 2020.
• AI Expert Kai-Fu Lee recently made a statement
  that AI will automate and potentially eliminate
  40 percent of jobs within 15 years.
• Globally AI will create 2.3 Million Jobs in 2020,
  while eradicating only 1.8 Million jobs,
  predicted by the research firm, Gartner.

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Top AI Designations

• AI Research and Development Engineer
  Researching to find enhancement to machine
  learning algorithms and detect glitches.
• Machine Learning Specialist -Studying different
  patterns and find a way how those can be
  integrated into AI functions.
• Data Scientists/ Data Mining Analysis
  Understanding and investigating huge data
  sources, training and creating systems to
  perceive patterns.
• AI Engineer-Working widely on bringing together
  data engineering, data science, and software
  development tasks besides looking after
  AI-related problems.

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Salary of AI Professionals

• A study conducted by Analytics India Magazine, in
  association with Great Learning an online
  education firm for working professionals, found
  that in India around 40 percent of AI
  professionals can expect an entry-level salary of
  Rs 6 lakh onwards, while the experienced
  professionals can grab a salary higher than Rs 50
  lakh.
• And globally, the average annual base pay for an
  AI job listed on Glassdoor  is 111,118 per year.

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Why it is the right time to learn AI?

• The reports and researches stated above are
  adequate to justify the demand for AI-equipped
  professionals in the job space that exists
  currently and will remain in the years to come.
  Professionals with AI expertise will occupy
  dignified job roles in various leading businesses
  around the world. Unarguably, this is the peak
  time to qualify with a holistic AI Training and
  achieve your career goals through gaining
  certification from a trusted training provider.

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Thank you!